Since the last daily session, Battle Infinity bears have been very aggressive. They have been testing levels that are as low as $0.00175. However, their attempt to bring the price as low as that was rejected by the bulls. The bulls regain the strength to bring the price back within the price channel of $0.0020 and $0.0019. In the early hours of today, the bulls found new higher support at $0.001921. The bears also responded to this by shifting the supply zone from $0.002 to $0.001964. It was at this resistance level that the bullish price was rejected again.
Key Levels
- Resistance: $0.0027, $0.0028, $0.0029
- Support: $0.0018, $0.0017, $0.0016
IBAT/USD: The Indicators’ Outlook
The buyers were able to regain their balance at the $0.001882 support level. And the bull market now approaches $0.0019, which is a stronghold price level for the buyer. Around the middle of today’s session, the Bollinger Bands indicator signaled a breakout when its bands converged slightly. This precedes the breakout that we currently have on the chart. The bulls reject the bearish price, and they are ready to drive the price to the upside again.
Battle Infinity Short-Term Outlook: Bullish Recovery (15-minute chart)
An important sign of a bullish price recovery is the recoiling lower band of the Bollinger Bands indicator. The line, which was moving to the downside, is now recoiling. This is in response to the bull market reaching out for the 20-day moving average. The MACD also supports this sentiment, as its negative histograms now show signs of strong bullish activity. This is the best time to buy to maximize the profit when the price pumps.
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